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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is recovering from a 'pseudo-recession', says Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk Box' to discuss the latest market trends, why he's cautious on the market this year, the Fed's interest rate outlook, why he favors value over growth stocks, and more.
Persons: Stifel's Barry Bannister Barry Bannister
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect the S&P to top out at 4400 at year-end: Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, and CNBC's Mike Santoli join 'Power Lunch' to discuss the macro environment in the markets and more.
Persons: Stifel's Barry Bannister Barry Bannister, Mike Santoli
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe see markets staying flat for the rest of the year, says Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk Box' to discuss the latest market trends, the state of the U.S. economy, Bidenomics, and more.
Persons: Stifel's Barry Bannister Barry Bannister Locations: U.S
The "no recession relief rally" has ended for the stock market, according to Stifel's Barry Bannister. The S&P 500 is up about 17% year-to-date, but has declined by about 3% since the start of August. Bannister expects the S&P 500 to finish the year at 4,400, suggesting potential downside of about 2% from current levels. According to data from Bank of America, stock market returns are typically muted between July and December in the third year of the Presidential Cycle, which reference a four-year stock market cycle that tracks with the four-year term of the US President. That's well below consensus estimates of the S&P 500 generating $226 in earnings per share next year.
Persons: Stifel's Barry Bannister, Bannister, Barry Bannister, committement, wouldn't, Stephen Suttmeier Organizations: Service, Federal, Bank of America Locations: Wall, Silicon
A common phrase you'll hear from folks at Smead Capital Management is "fear stock market failure." He manages the Smead Value Fund (SMVLX), which has beaten 99% of similar funds over the last five-year period, and 97% over the last 10- and 15-year periods, according to Morningstar data. Value stocks to buyWithin value stocks, Smead is most bullish on the energy sector, as he believes we're in the earlier stages of a "commodities super cycle." Another area of the market Smead is bullish on right now is shopping mall real-estate investment trusts, or REITs. "Collecting a 6% dividend from them and having upside potential in a stock market that might struggle looks like a winning hand."
Persons: Bill Smead, Smead, he's, Smith Barney, Wells, Ben, we're, Stifel's Barry Bannister, millenials, it's Organizations: APA, DVN, MAC, Smead Capital Management, Morningstar, Smead Capital, Smead, Management, Occidental Petroleum, ConocoPhillips, Property Group, Simon Property Group Locations: OXY, Devon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't think we end the year 'any better than we are right now', says Stifel's Barry BannisterBarry Bannister, Stifel chief equity strategist, joins 'Squawk Box' to discuss the latest market trends, where the market is headed for the rest of the year, and more.
Persons: Stifel's Barry Bannister Barry Bannister
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stifel's Barry Bannister on raising S&P mid-year targetBarry Bannister, Stifel chief equity strategist, joins 'Squawk on the Street' to discuss if now is the time to worry about equities, the timeline of Bannister's price target for the S&P and how Bannister justifies the price target's valuation.
According to Stifel's Barry Bannister, the market is on a road to nowhere for almost the next decade. "Easy money is behind us, the hard money is now," the firm's chief equity strategist told CNBC's "Fast Money" this week. The price earnings multiple comes down." But it's a strategy "Fast Money" trader Dan Nathan questions during a sluggish market. "I do not think you want to be overweight small caps right here," said RiskReversal Advisors principal Dan Nathan.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stifel's Barry Bannister and Rockefeller's ChangBarry Bannister, chief equity strategist at Stifel, and Jimmy Chang, Rockefeller Global Family Office CIO, join 'Squawk on the Street' to discuss the bear market rally, the difference in the narrative between treasuries and equities, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wells Fargo's Tracie McMillion and Stifel's Barry BannisterTracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou're looking at a choppy market for at least 12 months, says Stifel's Barry BannisterTracie McMillion, head of global asset allocation strategy at Wells Fargo Investment Institute, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss if McMillion is excited about equities right now, Bannister's thoughts on Tuesday's midterm elections and if equities will take their cue from the bond market.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Morgan Stanley's Lisa Shalet and Stifel's Barry BannisterLisa Shalett, Morgan Stanley Wealth Management chief investment officer, and Barry Bannister, chief equity strategist at Stifel, join 'Squawk on the Street' to discuss how Shalet is accessing today's investing landscape, how much seasonality is a factor in this week's stock markets, and more.
There's little reason for optimism in today's market, Lance Roberts laments. Just look at the barrage of headwinds facing stocks right now, the RIA Advisors CIO said in an October 10 commentary. At the start of this year, investing legend and founder of GMO Jeremy Grantham, said stocks were in their fourth superbubble in the last century given that market valuations had veered from historical norms so drastically. On Friday, Roberts told Insider that he agrees with Grantham's assessments, and that he sees the S&P 500 dropping to around 2,900. One of Wall Street's most bullish strategists this year, BMO's Brian Belski, cut his 2022 price target on the S&P 500 again on Friday to 4,200.
He said the S&P 500 would climb back to 4,400 by early next year. He said he thinks the S&P 500 will rally back to 4,400, which is about 19% upside from where it closed on Friday. StifelProvided that inflation continues to meaningfully drop, so too will yields on 10-year Treasury Inflation-Protected Securities, or TIPS, Bannister said. When 10-year TIPS yields and 36-month fed funds futures fall, the S&P 500 tend to rise. Longer-term, the S&P 500 is likely to remain range-bound below 4,800 through the rest of the decade, he said.
Watch CNBC's full interview with Stifel's Barry Bannister
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Stifel's Barry BannisterBarry Bannister, chief equity strategist at Stifel, joins 'The Exchange' to discuss his views on the market impact of Fed policy, inflation data and jobs, and offer his insights on multiples.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYesterday's Fed rate hike will be looked back on as a mistake, says Stifel's Barry BannisterBarry Bannister, chief equity strategist at Stifel, joins 'The Exchange' to discuss his views on the market impact of Fed policy, give predictions for inflation data and jobs, and offer insights on multiples.
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